📋 Tender Overview
Scope : To Set up Ten Vehicle Scrappage Units in India
Automobile technology and automation firm Rosmerta Technologies plans to invest Rs 200 crore to set up ten vehicle scrappage units over the next three years.
After the capacity addition, the company will be able to process up to 300,000 vehicles annually.
The setting up of the scrappage centres, the company will be able to contribute to the circular economy by helping recycle three lakh vehicles each year.
With this regard, they plan on investing Rs 200 crore across India to leverage this situation and contribute to the circular economy.
The central government believes that the output from scrapped vehicle materials would save about 33 per cent on raw material costs and will bring down reliance on imported metals such as aluminium, copper as well as rubber.
India, which is ranked fourth and sixth largest manufacturer of passenger and commercial vehicles respectively, imports metals worth USD 34.7 billion each year.
